Variable interest rates starting from 5.67% (6.02%)*
Compare Westpac home loan products, fees and featuresProduct rates and fees last updated 01 Jul 2025
Westpac is Australia`s oldest and first bank and has become one of the Largest Australian and New Zealand banks. It was founded in 1817 in New South Wales and has become the foundation of Australia`s finance socially and economically. Their goal is to create a better future which they have been doing for over 200 years. They provide a great range of services that are reliable and trusted that support customers, institutions, businesses and many others. All in order to continue being at the top and still support us in the same ways they always have.
| Home Loan Product | 100% Offset Rocket Repay Home Loan IO | 100% Offset Rocket Repay Home Loan P&I | Bridging Home Loan | Flexi First Option Home Loan IO | Flexi First Option Home Loan P&I | Premier Adv 100% Offset Rocket Investment Loan P&I | Premier Adv Rocket Repay Home Loan IO | Premier Adv Rocket Repay Home Loan P&I | Premier Adv. 100% Offset Rocket Investment Loan IO |
|---|---|---|---|---|---|---|---|---|---|
| Lowest Variable Rate (Comparison Rate) | 8.82% (8.95%)* | 8.23% (8.36%)* | 8.92% (9.05%)* | 6.74% (6.74%)* | 5.94% (5.94%)* | 5.86% (6.21%)* | 6.15% (6.49%)* | 5.67% (6.02%)* | 6.06% (6.40%)* |
| Max LVR | 70% | 70% | 80% | 70% | 70% | 70% | 70% | 70% | 70% |
| Min Loan Amount | $10,000 | $10,000 | $10,000 | $25,000 | $25,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
Product Fees | |||||||||
| Application | $600 | $600 | $600 | $600 | $600 | - | - | - | - |
| Settlement | - | - | - | - | - | - | - | - | - |
| Discharge | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 |
| Ongoing Fee |
$8 (monthly) |
$8 (monthly) |
$8 (monthly) |
- - |
- - |
$395 (annually) |
$395 (annually) |
$395 (annually) |
$395 (annually) |
Are you trying to compare Westpac's interest rates, discharge fees, settlement fees or applicant fees?
We have over 20 years of experience working with different Australian Home Loan providers, including Westpac. Speak with Get a Better Rate and have an experienced Mortgage Broker help navigate your next home loan. Based in the Sydney CBD, Get a Better Rate partners with over 40 top Australia Home Loan providers, reach out for a chat today!
Let's TalkProduct Features | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Home Loan Product | 100% Offset Rocket Repay Home Loan IO | 100% Offset Rocket Repay Home Loan P&I | Bridging Home Loan | Flexi First Option Home Loan IO | Flexi First Option Home Loan P&I | Premier Adv 100% Offset Rocket Investment Loan P&I | Premier Adv Rocket Repay Home Loan IO | Premier Adv Rocket Repay Home Loan P&I | Premier Adv. 100% Offset Rocket Investment Loan IO |
| Repayment | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly |
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| Redraw | |||||||||
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| Debit Card | |||||||||
| BPay | |||||||||
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| Construction |
Before you start the process, it's important to understand your goals and strategy. Whether you are refinancing to a lower interest rate, purchasing a new home or looking to renovate.
Use our home loan repayment calculator and compare repayments against what your budget.
Have your income statements
Prepare your expense budget
Know your monthly liabilities and credit card limits
Australian ID documents
The fixed rate graph is a representation of Westpac's historical fixed rates. It has been designed to provide you with context, in relations to rate cycles and where the current fixed rate sits within this cycle.
We have prepared a guide to help you better understand the potential benefits and limitations of fixing your home loan.
Westpac's current fixed rates are displayed above each graph. The graph contains historical rates which are not avalaible and are shown as a guide only. It is always recommended that you speak with your lender or mortgage broker, before fixing your home loan. It is important you understand the risks, such as potential breakfees or feature limitations such as redraw that may relate to your circumstance.
No matter what aspect of home loans you want to address with us, we have plenty of additional resources and tools to help you. Whether you want to compare home loans with the Westpac, calculate your loan repayments, or figure out how much you will save when you refinance your existing loan, Get a Better Rate has you covered.
